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Bank of Baroda partners with Aerem Solutions, Aerem Finance

22 Nov 2022 Evaluate

Bank of Baroda has entered into an alliance with Aerem Solutions (ASPL) and its subsidiary, Aerem Finance (AFPL) for the financing of Solar Rooftop projects for captive use by MSMEs. Under the agreement, Bank of Baroda will provide collateral-free loans at affordable rates to MSMEs for installation of captive solar rooftop projects.

This collaboration will encourage MSMEs to adopt solar energy, significantly reducing power bills and increasing profitability of the business as well as supporting the development and growth of the renewable energy market in India.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Peers
Company Name CMP
State Bank Of India 963.80
PNB 123.25
Bank Of Baroda 239.70
Canara Bank 118.35
Union Bank Of India 185.55
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